The city’s economy is expected to grow 3.5 per cent to 5.5 per cent this year after contracting 3.5 per cent in 2022, Chan said. Underlying inflation is expected to hit 2.5 per cent. Hong Kong will issue vouchers worth HK$5,000 (US$637) per person to all adults this year, halfContinue Reading
SEOUL: A downturn in South Korea’s home prices is causing pain in the country’s unusual rent-free rental system that benefited landlords and tenants alike during a long surge in residential property prices. In the “jeonse” scheme, tenants put up a deposit typically worth as much as 70 per cent ofContinue Reading
With the reopening of borders and positive signals from both the state and federal governments, Iskandar Malaysia is poised to pick up where it left off. CNA looks at how the property sector, transport infrastructure and foreign investments are key to this effort.Continue Reading
SHANGHAI: Marvel’s superheroes began their return to China’s massive movie market after an apparent ban of nearly four years on Tuesday, with fans streaming into cinemas to watch Black Panther: Wakanda Forever. The Disney-owned studio’s hugely popular franchises have been absent from Chinese screens since 2019, with no explanation. MarvelContinue Reading
MUMBAI: India’s securities regulator said Saturday (Feb 4) that markets were stable and protected from further volatility, following a phenomenal share rout that hit the business empire of tycoon Gautam Adani. The combined market cap of Adani Group’s listed companies has collapsed by around US$120 billion – about half of the conglomerate’sContinue Reading
Why have onion prices soared in the Philippines? At its peak, it was more expensive than chicken or pork.Continue Reading
“It’s just 27 years away. That’s a fall of a third in the cohort of first-time property buyers,” said George Magnus, a research associate with Oxford University’s China Centre. “This means that, while people always want more space to live in, and housing demand can respond well for a shortContinue Reading
BANGKOK: Thailand saw 10.9 million arrivals between January and Dec 20 this year, Tourism Authority of Thailand governor, Yuthasak Supasor told an online briefing on Friday (Dec 23). “The top markets were Malaysia, India and Laos,” he said, adding that arrivals could exceed 11.5 million arrivals for the full year.Continue Reading
Hong Kong has no shortage of tech entrepreneurs with ideas, but investors are slow to put money into projects.Continue Reading
China still requires people arriving from overseas to spend time in hotel quarantine and home isolation, and the number of international flights has yet to return to normal, so those able to travel abroad remain a minority. But despite the hurdles, some exporters found the costs of being trapped inContinue Reading